MTAX 6482 - Advanced Partnership Taxation

Advanced federal income tax course focusing on the taxation of partnerships and their partners. Topics: “substantial economic effect”, allocation of debt to partners’ bases, “hot assets”, profits interests, related-party transactions, distribution “waterfalls”, profit and loss allocation “waterfalls”, and taxation of retiring partners. Restriction: Restricted to graduate majors and NDGR majors with a sub-plan of NBA or CPA within the Business School. Max hours: 3 Credits. Semester Hours: 3 to 3